Expert semi-commercial mortgage advisors.

Semi-commercial mortgages

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

Commercial mortgages are easier than you think. Contact our experienced commercial mortgage brokers today and discover the options available.

Your home may be repossessed if you do not keep up repayments on your mortgage. When The Bank Says No is a mortgage broker, and not a lender.

Finding The Best Semi-Commercial Mortgage Deal For Your Circumstances

If you're looking for a semi-commercial mortgage, we have the solution. When the Bank Says No specialises in taking the fear out of the process for semi-commercial or mixed-use mortgages.

We cover the whole of the market, and can help you access hard-to-find lenders – whilst saving you time and stress! Whether you're looking to rent a semi-commercial property out to a tenant or purchase a new HQ for your business with the rental accommodation above, our team can help you find the right lender for you.

What is a semi-commercial mortgage?

A semi-commercial mortgage is a product you’ll need if you’re looking to purchase a mixed-use property. By this, we mean a property that comprises both residential parts and commercial parts e.g. a shop with a flat above all on the same freehold title. They are sometimes known as mixed-use mortgages or part residential, part commercial mortgages.

If the property you want to buy has any commercial element or will be used for business activities, it’s important to get a semi-commercial mortgage. Your lender needs to have a full understanding of the property the loan will be secured against. Whether you’re investing for the first time or just need help navigating the semi-commercial mortgage process, contact our expert team!

What properties are classed as semi-commercial?

A semi-commercial property is any property that is mixed-use. Even if the residential section of the building vastly outweighs the commercial one, the property would still be classed as semi-commercial. Put simply, it is any building with both residential and commercial elements to it. Here are some examples of properties that would require a semi-commercial mortgage:

  • Shops with flats above them
  • Pubs with residential space
  • Guest houses that the owner also lives in
  • Cattery/dog kennels in the garden of residential house
  • Businesses ran solely from home

Get Started with a Semi-commercial Mortgages Broker

Maximise your chance of approval with specialist advice from an expert in Semi-commercial Mortgage

Can you get a mortgage on mixed-use?

Yes, you definitely can! The mortgage on a mixed-use property – that is, a property with commercial and residential elements – would need to be semi-commercial. Though these are not ‘off-the-shelf products, there are plenty of mortgage lenders out there who offer them.

If you’re looking to buy a mixed-use property, understanding the intricate details of semi-commercial mortgages is key, so it might be worth talking to a specialist mortgage broker before proceeding.

How much deposit do I need for a semi-commercial mortgage?

Deposit requirements vary, so it’s difficult to give a black-and-white answer to this question. Your lender will take into account the level of risk you and the property pose before determining the final figure.

As the mortgage is still treated as a commercial mortgage, the required deposit is generally higher than for a standard residential mortgage. Generally, though, you should expect to put down anywhere between 25%-40% of the property’s value as a deposit. This will give you a loan-to-value (LTV) in the region of 75%-60%. The bigger the deposit you can produce, the better the commercial mortgage deal you are likely to be offered.

Semi-commercial Mortgages FAQs.

No. Your semi-commercial lender needs to understand what type of property you are purchasing before they can offer you a mortgage. If you apply for a residential mortgage on a semi-commercial property, they will likely decline your application – and this can have implications for your credit score.

Don’t worry; there are plenty of mortgage lenders out there who offer mortgages on semi-commercial properties.Contact our friendly team today and we’ll explain the process and help you find the most appropriate semi-commercial mortgage product for you.

No, you don’t! Of course, certain high street lenders will not be too happy lending to a first-time landlord as you potentially present a higher risk. However, there are many specialist lenders out there who won’t have the same misgivings about providing you with a mixed-use mortgage.

When the Bank Says No provides mortgage advice and specialises in helping clients access the right lenders and mortgage deals for them, and achieve application success. With our expert team, you don’t have to worry about your lack of experience owning commercial properties – we’ll be at your side every step of the way to help you secure that semi-commercial mortgage. Contact us today!

It can be more difficult to obtain a mortgage for your business on a semi-commercial property if you have only just set it up. Many high street banks and other lenders tend to like to see certified accounts over the last 3 years when processing your application, as well as projected profits. They may also consider the business to be unproven and therefore at high risk of failing to meet or support repayments.

Despite this, there are semi-commercial lenders out there who will be happy to consider projected earnings, but these are specialist operations and there is no one-size-fits-all mortgage product. The best way forwards if you’re in this situation is to enlist the help of a commercial mortgage broker. We’ll help you find the right semi-commercial mortgage for your circumstances.

Mixed-use properties are popular investment opportunities because they tend to have a much higher rental yield than standard buy-to-lets. They also reduce the risk involved because there is often more than one tenant in the property, meaning that even if one tenant leaves or fails to keep up their repayments, the other tenants are likely to pay.

In some rare circumstances where a property has completely separate access to its commercial and residential aspects, some lenders may offer two different mortgages. For example, if a property has front access for the business but rear access for the residential flat, two mortgages may be offered. However, a semi-commercial mortgage would still be a suitable option.

Using two separate mortgages, especially if they are with two different lenders, can sometimes lead to difficulties, especially when some aspects are shared by the two properties, such as roofing.

How your semi-commercial mortgage is structured will depend on whether you want to occupy the property, either the residential or commercial space, or both. If you need a semi-commercial mortgage and your sole aim is to invest rather than occupy the premises, then interest-only may be an option.

If you are intending to occupy any of the properties, either for residential purposes or as a commercial space, then a repayment mortgage is the most likely option that you are going to be offered by a mortgage lender. That said, some lenders are happy to lend on either capital repayment or an interest-only basis. We can help you find the right semi-commercial mortgage lenders for your particular circumstances.

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Semi-commercial Mortgage Calculator

Professional guidance for semi-commercial mortgages.

When the Bank Says No has helped mortgage applicants all over the UK access the commercial lending they need to purchase their property through a mixed-use mortgage. We scour the market on behalf of our clients, passionate about matching them up with only the most suitable mortgage deals on the market.

Whether you're looking to add to your commercial investment portfolio or buy a semi-commercial property for the first time, our expert team will work hard to simplify your journey.

Streamlining semi-commercial mortgages.

Purchasing a semi-commercial property can be confusing and stressful; this may be your first experience with the commercial mortgage market. If you're feeling overwhelmed – don't be!

Our team of friendly, passionate mortgage experts are here to help you navigate the commercial mortgage process. We won't rest until you can feel confident that you've found the right commercial mortgage lender and mortgage product for your circumstances – achieve your commercial property with us!

Let's get the ball rolling.

We can support you and help you to make yourself as attractive to banks as possible, ready for your next application!

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In order for us to assess your credit history and suitability for different mortgage products, you will need to check your file.